
Apartments for Rent with Specials in the Shadow Lakes Neighborhood of Carmel, IN (16 Rentals)
Apartments in the Shadow Lakes area of Carmel with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.


Total Monthly Price
L’Etoile Apartments

The Signature at Carmel

The Wren & The Windsor

Penn Circle
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Carmel Woods

Portrait Midtown

The Apartments at 1st on Main

The Gallery Apartments

Providence at Old Meridian
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Avant

Main Street on the Monon

Alexandria of Carmel Apartments

The Union at Grand Junction

Flats at Spring Mill Station
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

3873 Crest Point Dr
Shadow Lakes, Carmel, IN Local Guide

How much does it cost to rent an apartment in Shadow Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shadow Lakes Studio Apartments | $1,478 | $1,078 | $2,087 |
| Shadow Lakes 1 Bedroom Apartments | $1,621 | $1,010 | $2,577 |
| Shadow Lakes 2 Bedroom Apartments | $2,069 | $1,200 | $4,282 |
| Shadow Lakes 3 Bedroom Apartments | $2,518 | $1,525 | $4,466 |
| Shadow Lakes 4 Bedroom Apartments | $5,933 | $5,819 | $6,048 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 3 mile radius of the Shadow Lakes Neighborhood of Carmel, IN.
See all Apartments in CarmelExplore Carmel
Shadow Lakes, Carmel, IN Local Guide
- Nearby Carmel neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Top Carmel Apartments in the Shadow Lakes Area with Move-In Specials Ending Soon
Specials updated: 07-24-2026Take advantage of these move-in and rent specials that are ending soon for top Shadow Lakes, IN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
The Signature at Carmel
Enjoy up to 1 month of free rent.Expires 07-25-2026
The Union at Grand Junction
Summer savings are here at The Union! Move in by 7/31/2026 and receive $1000 FREE, plus FREE parking or FREE internet for 12 months with a qualifying application. Move in by 8/31/2026 and receive $1000 off your August rent. Restrictions apply.Expires 07-25-2026
Main Street on the Monon
Move-In by July 31st & Receive the month of July and August Free!Expires 07-25-2026
Alexandria of Carmel Apartments
$1,500 off the first full month's rent on select apartments. Must sign by 7/31/26, this special applies to new applications received on or after 7/20/26.Expires 07-25-2026
Carmel Center
SAVE $2,400 on the Biggest 1 & 2-Bedrooms in Carmel! 5-Minute Walk to the Monon Trail! Must apply by 7/31! ACT NOW!Expires 07-25-2026
Penn Circle
Live in the nation's top-ranked city and get rewarded. Get a $1,500 Gift Card on Select Apartment Homes with a 12+ Month Lease! Make your home in Carmel, Indiana, ranked #1 in U.S. News' Best Places to Live, and experience award-winning management from Nolan Living, named by J Turner Research as a Top 25 Online Reputation Management Company in Division IV for 2 years running. Schedule your tour today!Expires 07-25-2026
The Gallery Apartments
Earn reduced rates on select homes & credited fees! (Restrictions Apply)Expires 07-25-2026
Portrait Midtown
1 Month FREE + $250 Credit! Saturday Tours Available by Appointment Only Restrictions apply.Expires 07-25-2026
Carmel Woods
One Month Free w/ 12-Month Lease!Expires 07-25-2026
The Wren & The Windsor
Windsor: Move in on or before 7/31/2026, and receive August 2026 rent FREE and three months FREE parking! Wren: Move in on or before 7/31/2026, and receive August 2026 rent FREE and FREE parking through 2026!Expires 07-25-2026
Newly Listed Move-In Specials offers for Apartments in Shadow Lakes, IN
Specials updated: 07-24-2026Here are the most recently added special offers for renters looking to find the best deals on apartments in Shadow Lakes, IN. Be sure to take advantage of some of the area’s top offers.
L’Etoile Apartments
One month free on a 13 month leaseExpires 08-31-2026
The Signature at Carmel
Enjoy up to 1 month of free rent.Expires 07-25-2026
The Union at Grand Junction
Summer savings are here at The Union! Move in by 7/31/2026 and receive $1000 FREE, plus FREE parking or FREE internet for 12 months with a qualifying application. Move in by 8/31/2026 and receive $1000 off your August rent. Restrictions apply.Expires 07-25-2026
Main Street on the Monon
Move-In by July 31st & Receive the month of July and August Free!Expires 07-25-2026
Alexandria of Carmel Apartments
$1,500 off the first full month's rent on select apartments. Must sign by 7/31/26, this special applies to new applications received on or after 7/20/26.Expires 07-25-2026
Carmel Center
SAVE $2,400 on the Biggest 1 & 2-Bedrooms in Carmel! 5-Minute Walk to the Monon Trail! Must apply by 7/31! ACT NOW!Expires 07-25-2026
Penn Circle
Live in the nation's top-ranked city and get rewarded. Get a $1,500 Gift Card on Select Apartment Homes with a 12+ Month Lease! Make your home in Carmel, Indiana, ranked #1 in U.S. News' Best Places to Live, and experience award-winning management from Nolan Living, named by J Turner Research as a Top 25 Online Reputation Management Company in Division IV for 2 years running. Schedule your tour today!Expires 07-25-2026
Carmel Woods
One Month Free w/ 12-Month Lease!Expires 07-25-2026
The Gallery Apartments
Earn reduced rates on select homes & credited fees! (Restrictions Apply)Expires 07-25-2026
The Wren & The Windsor
Windsor: Move in on or before 7/31/2026, and receive August 2026 rent FREE and three months FREE parking! Wren: Move in on or before 7/31/2026, and receive August 2026 rent FREE and FREE parking through 2026!Expires 07-25-2026
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleShadow Lakes, Carmel, IN
Ranked #2
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Shadow Lakes, Carmel, IN
School data provided by Great Schools
Frequently Asked Questions about Rent Specials Shadow Lakes Apartments
What is the Cheapest Rent Specials apartment in Shadow Lakes?
Currently the most affordable Rent Specials Apartment in Shadow Lakes is at The Commons at Spring Mill Apartments listed at $761.
How much is the average rent for a Rent Specials Shadow Lakes Apartment?
The average rent for a Rent Specials Apartment in Shadow Lakes is $2,122.
What is the largest Rent Specials Shadow Lakes Apartment for rent?
Today's Rent Specials apartment with the most square footage in Shadow Lakes is a 1,946 square feet unit starting from $1,495 at Carmel Center.
What is the average size for Shadow Lakes Rent Specials Apartments for rent?
The average size for a Rent Specials rental in Shadow Lakes is currently at 655 sq ft.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.